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  • Delivering Growth and Excellence Bank of China Limited 2011 Interim Results

    Aug 24, 2011

  • 1

    Forward-looking Statement Disclaimer

    This presentation and subsequent discussions may contain forward-looking statements that involve risks and uncertainties. These statements are generally indicated by the use of forward-looking terminology such as believe, expect, anticipate, estimate, plan, project, target, may, will or may be expressed to be results of actions that may or are expected to occur in the future. You should not place undue reliance on these forward-looking statements, which reflect our belief only as of the date of this presentation. These forward-looking statements are based on our own information and on information from other sources we believe to be reliable. They relate to future events or our future financial, business or other performance and are subject to a number of uncertainties that may cause our actual results to differ materially.

  • 2

    Presentation Team

    Mr. Chen Siqing, Executive Vice President

    Mr. Li Lihui, President

    Mr. Yue Yi Executive Vice President

  • Increased proportion of RMB assets

    Significant Progress in Structural Optimization

    3

    Increased proportion of RMB liabilities

    Increased proportion of non-interest income Increased proportion of profit before income tax of domestic operations

    3,006.2 3,760.6 4,535.4

    6,341.0 7,933.3 8,799.7

    56.4%

    62.8% 65.2% 72.5%

    75.9% 76.6%

    2006 2007 2008 2009 2010 1H2011

    RMB assets Proportion

    R M

    B bi

    lli on

    27.0 41.8 65.9 73.7

    82.6 55.8

    18.2% 21.5%

    28.8%

    31.7% 29.9% 33.6%

    2006 2007 2008 2009 2010 1H2011

    R M

    B bi

    lli on

    Non-interest income Proportion

    3,262.4 3,906.8 4,530.7

    6,192.0 7,579.8 8,393.0

    66.4%

    70.5%

    70.1%

    75.5% 77.5% 77.9%

    2006 2007 2008 2009 2010 1H2011

    RMB liabilities Proportion

    R M

    B bi

    lli on

    42.6 60.4

    80.3 86.1 113.9

    72.3

    62.2% 66.6%

    91.9%

    77.5% 80.1% 79.7%

    2006 2007 2008 2009 2010 1H2011

    Profit before income tax of domestic operations Proportion

    R M

    B bi

    lli on

  • Robust growth of profit attributable to equity holdersRobust growth of after-tax profit

    Steady improvement in ROA

    48.06 62.02

    65.57 85.35

    109.69

    70.13

    2006 2007 2008 2009 2010 1H2011

    R M

    B bi

    lli on

    CAGR= 22.9%

    42.62 56.23

    64.04 80.82

    104.42

    66.51

    2006 2007 2008 2009 2010 1H2011

    RM B

    bi llio

    n

    CAGR= 25.1%

    Key Financial Indicators Continue to Improve

    4

    Significant increase in ROE

    13.42% 13.85%

    14.37%

    16.48%

    18.87%

    19.87%

    2006 2007 2008 2009 2010 1H2011

    Return on average equity

    0.95%

    1.09% 1.01%

    1.09% 1.14%

    1.28%

    2006 2007 2008 2009 2010 1H2011

    Return on average total assets

    Note: CAGR based on 2006-2010 growth rate

  • 11.44%

    10.67% 10.81%

    9.07%

    10.09% 10.01%

    13.59% 13.34% 13.43%

    11.14%

    12.58% 12.95%

    2006 2007 2008 2009 2010 1H2011

    Core capital adequacy ratio Capital adequacy ratio

    Capital adequacy ratio

    Constant improvement in asset quality

    Key Financial Indicators Continue to Improve

    5

    Continuous increase in coverage ratio

    98.2 88.8 87.5 74.7 62.5 61.9

    4.04% 3.12%

    2.65% 1.52% 1.10% 1.00%

    2006 2007 2008 2009 2010 1H2011

    R M

    B bi

    lli on

    NPL Balance NPL Ratio

    94.3 96.1 106.5 113.0 122.9

    134.6

    96.00% 108.18%

    121.72% 151.17%

    196.67% 217.29%

    2006 2007 2008 2009 2010 1H2011

    R M

    B bi

    lli on

    Allowance for impairment losses NPL Coverage Ratio

  • 6

    Leading position in international settlement business

    Strong Growth of Domestic Business — Corporate Banking

    Domestic corporate depositsDomestic corporate loans

    Rapid growth of small-sized enterprise loans

    840.1

    1183.5

    1H2010 1H2011

    U SD

    bi lli

    on

    Group international settlement

    grew by 40.9%

    94.4% 94.9% 95.0%

    5.6% 5.1% 5.0%

    2009 2010 1H2011

    R M

    B bi

    lli on

    RMB FX

    3,075.3 3,479.3

    grew by 13.1% 3,765.8 grew by 8.2%

    RMB

    grew by

    8.4%

    79.4% 82.2%

    83.2%

    20.6%

    17.8% 16.8%

    2009 2010 1H2011

    R M

    B bi

    lli on

    RMB FX

    3,186.2

    3,540.7grew by 11.1% 3,736.7grew by 5.5%

    RMB grew by 6.9%

    177.2 239.4

    324.0

    2009 2010 1H2011

    R M

    B bi

    lli on

    Small-sized enterprises loans

    grew by 35.1%

    grew by 35.4%

    167.2

    344.1

    July, 2009 - 2010 1H2010

    R M

    B bi

    lli on

    Domestic cross-border RMB settlement business

    grew by 105.8%

  • 30 June 2011 1H2011 VS 2010

    Wealth management centers 2,912 933

    Prestigious wealth management centers 138 13

    No. of middle and high-end customers 6.24 million 57%

    No. of private banking customers 25 thousand 68% AUM of middle and high-end customers RMB2.4 trillion 19%

    RMB801.0 billion

    RMB528.6 billion

    207million

    7

    Optimized domestic personal loans structure for higher yield

    Rapid growth in bank card business

    Strong Growth of Domestic Business — Personal Banking Accelerated development in middle and high-end businesses

    Steady growth in domestic personal deposits

    30 June 2011 1H2011 VS 2010

    29%

    13%

    11%

    62%

    42%

    28.06million

    170 million

    0.32 million

    15%

    1H2011 VS 1H2010

    Accumulated no. of bank card Accumulated no. of effective credit card Accumulated no. of debit card Accumulated no. of overseas debit card

    Bank card consumption RMB card merchant acquiring transaction volume2009 2010 1H2011

    R M

    B bi

    lli on

    RMB FX

    92.4%

    7.6% 6.4%

    93.6%

    2,857.1 2,606.4 5.4%

    94.6%

    2,973.6grew by 9.6% grew by 4.1%

    300.2 193.8 142.4 104.6

    Personal housing loans Personal non-housing loans

    R M

    B bi

    lli on

    Newly granted in 2010 Newly granted in 1H2011 Average yield

    up 129BP

    4.82%

    6.11%

    5.76%

    6.81%up 105BP

  • Leader of trading business

    8

    Strong Growth of Domestic Business — Financial Markets

    Increased yield in investment securities

    No.1 in market share for customer account spot exchange Topped peers for transaction volumes on the Shanghai Gold Exchange Developed proprietary trading businesses for products including the Russian Rouble, South African Rand and the South Korean Won non deliverable forwards (NDF) Launched a public quotation business for the purchase and sale of non-USD currencies The first Bank to launch the purchase and sale business for spot exchange of RMB against the Kazakhstan Tenge

    Expanded scale of assets under custodyRapid growth of debt underwriting business Note: Group data

    890

    1,121 1,263

    2009 2010 1H2011

    R M

    B bi

    lli on

    Assets under custody by domestic operations

    grew by 26.0% grew by 12.7%

    70.5% 72.8% 72.2%

    29.5% 27.2% 27.8%

    2.73% 2.73% 2.87%

    2009 2010 1H2011

    R M

    B bi

    lli on

    RMB investment FX investment Yield

    2,055.3 1,940.51,816.7

    49

    104

    1H2010 1H2011

    R M

    B bi

    lli on

    Debt underwriting business

    grew by 114.6%

  • Expand Overseas Business and Maintain Leading Position of Internationalization

    Leading position in cross-border RMB business Accelerating outlets distribution

    Robust profit growth Rapid deposit and loan growth

    Newly established the Phnom Penh Branch and Bank of China Kazakhstan, Aktobe Branch The China Desk in UAE began operation Vigorously promoted network expansion across many other countries and regions

    Note:”Overseas” Includes Hong Kong, Macau, Taiwan and Other Countries and Regions

    9

    1.77 1.97

    2.82

    1H2009 1H2010 1H2011

    U S

    bi lli

    on

    Profit before income tax of overseas operations

    grew by 11.4%

    grew by 43.0%

    938.9 744.6

    1,146.8

    902.0

    1,308.7 1,154.0

    Overseas clients deposits Overseas clients loans

    R M

    B bi

    lli on

    2009 2010 1H2011

    grew by 22% grew by 21%

    grew by 14% grew by 28%

    196.7 271.8

    23.4

    264.0

    July, 2009 - 2010 1H2010

    RM B

    bi llio

    n

    BOCHK Other overseas operations

    220.1

    535.8

    grew by 143.4%

  • 10

    Great Potential in Net Interest Margin Improvement

    Net interest margin increased by 7bps YoY